Types of World Economies and Governments

Match the following Economic systems with countries that practice them.

• US - UK - Japan- Germany

• Capitalism

• Canada - Sweden - Netherlands

• Communism

• China - Vietnam - Cuba

• Socialism

The wealth and resources of a country or region, especially in producing and consuming ​ (a)   and services are, called (b)   .

• goods
• economy
• government

An economic system where companies and people are free to invest and own property.

• Communism

• Socialism

• Capitalism

Also known as a FREE MARKET ECONOMY

• Socialism

• Capitalism

• Communism

People and companies compete with each other on products and services to buy and sell.

• Socialism

• Capitalism

• Communism

An economic system where the government controls some businesses.

• Communism

• Socialism

• Capitalism

An Economic system that aims to spread wealth more equally.

• Communism

• Socialism

• Capitalism

An Economic system that has higher taxes to fund all of their benefits.

• Socialism

• Capitalism

• Communism

Match the following Economic System with their definition.

• Not equal

• Capitalism

• Wealth is close to equal

• Communist

• Wealth is Equal

• Socialism

​ (a)   and Economic system where people are only allowed ​ (b)   private property. No ​ (c)   structure due to full ​ (d)   .

• Government
• limited
• class
• equality